Mountain Hill Investment Partners Corp. increased its position in shares of  Intel Corporation (NASDAQ:INTC – Free Report) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,669 shares of the chip maker’s stock after buying an additional 3,500 shares during the period. Intel accounts for approximately  2.6% of Mountain Hill Investment Partners Corp.’s investment portfolio, making the stock its 15th biggest position. Mountain Hill Investment Partners Corp.’s holdings in Intel were worth $3,129,000 at the end of the most recent reporting period. 
Other institutional investors have also added to or reduced their stakes in the company. HFM Investment Advisors LLC acquired a new position in Intel during the first quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new position in Intel during the first quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Intel during the first quarter worth $27,000. West Branch Capital LLC acquired a new position in Intel during the second quarter worth $28,000. Finally, PrairieView Partners LLC increased its holdings in Intel by 77.0% during the first quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker’s stock worth $31,000 after buying an additional 608 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.
Intel Trading Down 0.4%
INTC stock opened at $39.99 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.60. The company’s 50-day simple moving average is $32.01 and its 200 day simple moving average is $25.09. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $42.48. The company has a market capitalization of $175.04 billion, a PE ratio of 4,003.00 and a beta of 1.33.
Analysts Set New Price Targets
INTC has been the topic of a number of recent analyst reports. Truist Financial boosted their target price on shares of Intel from $21.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, October 24th. Morgan Stanley upped their price objective on shares of Intel from $23.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Sanford C. Bernstein reiterated a “neutral” rating on shares of Intel in a report on Thursday, October 2nd. Wells Fargo & Company upped their price objective on shares of Intel from $30.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. Finally, HSBC upped their price objective on shares of Intel from $24.00 to $26.00 in a report on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating, twenty-three have given a Hold rating and eight have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $34.18.
Check Out Our Latest Report on INTC
Intel Profile
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.
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